World Economy

Investors focused on Africa say Nigeria offers huge opportunities, but also huge challenges. The continent’s most populous nation is dogged by a deadly insurgency, what promise to be contentious…

Turkish President Recep Tayyip Erdogan has said he and Central Bank of Turkey Governor Erdem Basci have settled their differences, after a meeting Wednesday night which was also attended by Ali…

China and Russia have effectively switched to domestic currencies in trading using financial tools as swaps and forwards, as they seek to reduce the influence of the US dollar and foreign exchange…

In today’s global economy, there is no price as important as that of crude oil. More than 80 million barrels are produced (and consumed) daily, and a large part of that output is traded…

You don’t need to be very old to remember a time when politicians in Washington would practically elbow each other out of the way to get in front of cameras and rail against the federal debt and…

Norway’s sovereign wealth fund rose 544 billion kroner ($67 billion) last year as it broadened its holdings to capture more growth in emerging and frontier markets.

Stocks dropped in early trading Friday as oil prices took another tumble and fell below $46 a barrel after data showed stock levels continue to rise.

The major indexes were on track to post…

Pacific Investment Management Co. sees little growth potential for steel demand in China as the housing market slows, hurting the outlook for the global industry and iron ore prices. Goldman Sachs…

Intel Corp slashed nearly $1b from its first-quarter revenue forecast as small businesses put off upgrading their personal computers, sending the chipmaker’s shares down more than 5%, Reuters…

UBS Group AG raised Chief Executive Officer Sergio Ermotti’ total compensation by 4% to 11.2m francs ($11.1m) and restated fourth-quarter profit, Bloomberg reported. UBS took provisions of 134…

Hungary’s National Bank is still trying to estimate the fallout from its seizure of brokerage firm Quaestor. The company was shut down this week, the third security and investment firm to have its…

The US has expressed concern over Britain’s effort to become a founding member of a Chinese-backed bank that could rival the likes of the World Bank.

The UK is the first big western economy…

By 2018, every German household is meant to get high-speed Internet, but the expansion work is lagging, putting German businesses at a disadvantage. Critics say the country needs billions in…

Kawasaki Heavy Industries Ltd opened a plant on Friday with an oversized kiln to bake and harden carbon fiber aircraft fuselage sections, giving it capacity to surpass Boeing Co’s…

The Russian Central Bank has lowered the key interest rate to 14% from 15%, and it’s ready to cut the key interest rate further as inflation risks in Russia are weakening,  the bank said in a…

Greece’s unemployment rate has gone up to 26.1%. It’s the highest recorded rate since the second quarter of 2014, when joblessness stood at 26.6%, Euronews reported. About 73% of Greece’…

Global stocks have spiraled downwards amid lingering concerns over Greece going bankrupt and the prospect of the first rise in US interest rates in almost a decade.

In Europe shares across…

Increased banking traffic means Russia now has a seat on the board of the SWIFT global interbank communications system. The seat comes at a time of increased pressure for Russia to be removed from…

Over the past year Chinese officials have embraced lower economic growth forecasts, saying they are winding down the huge government spending that fueled the country’s rapid economic growth in…

Massive impairments and low oil prices have pushed electricity giant E.ON into the red. The multi-billion loss comes as the country’s switch to renewable energy continues to put pressure on…

The euro has fallen to its lowest level against the US dollar in 12 years after the European Central Bank (ECB) began its government bond buying program.

It fell as low as $1.0560, before…

The European Parliament has backed a deal to cut costs for people who use debit and credit cards to shop, Euronews reported. EU officials want to cap the fees retailers pay to process card…

The new Credit Suisse chief Tidjane Thiam could axe almost 3,000 jobs from its investment banking operations when he takes over later this year, NewsNow reported. Kian Abouhossein, a London-based…

A hike in the unemployment rate was registered in Russia over the week from February 25 through March 4, the press service of the Russian Ministry of Labor and Social Protection said, adding that…

Thailand unexpectedly cut its key interest rate for the first time in a year, joining a global wave of monetary easing after the economy grew at its slowest pace in three years. The Bank of…